s 45 54657 1233205200 false 1233205200 356 640 111 300011

1/29/2009--Introduced.Community Choice in Real Estate Act - Amends the Bank Holding Company Act of 1956 and the Revised Statutes of the United States to prohibit the Board of Governors of the Federal Reserve System and the Secretary of the Treasury, respectively, from determining that real estate brokerage activity or real estate management activity is financial in nature, is incidental to any financial activity, or is complementary to a financial activity. (In effect, prohibits financial holding companies and national banks from engaging, directly or indirectly, in real estate brokerage or real estate management activities.) Exempts from such prohibition: (1) activities of a bank holding company (or any affiliate) that directly relate to managing any real property owned by national banks or their affiliates; and (2) the right, power, or ability of any financial holding company to engage in any activity, or acquire or retain the shares of any company engaged in an activity authorized for financial holding companies on December 6, 2001 ("grandfather clause").

1233205200 2009-01-29 Wed Jan 06 06:26:36 -0600 2010 introduced 54657 'in':3 'act':6 'real':4 'choice':2 'estate':5 'community':1 68493 false short introduced 54657 'act':9 '1956':11 'bank':6,27 'bill':2 'hold':7,23 'real':34,38 'unit':18 'activ':41 'amend':4 'engag':29 'estat':35,39 'manag':40 'revis':14 'state':19 'direct':30 'nation':26 'purpos':45 'statut':15 'compani':8,24 'financi':22 'brokerag':36 'indirect':32 'prohibit':21 67716 false official action 54657 1233205200 Thu Jan 29 00:00:00 -0600 2009 182873 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. B000711 1940-11-11 16505 112 Hart Senate Office Building http://boxer.senate.gov/contact/email/policy.cfm 202-224-0454 Barbara 'd':4 'ca':5 'sen':1 'boxer':3,7,9 'barbara':2,6,8 F 300011 Boxer Barbara_Boxer Sen. Barbara Boxer [D, CA] 7972 N00006692 34609 Democrat 202-224-3553 Jewish CA Barbara Boxer 2.30322580645161 http://boxer.senate.gov SenatorBoxer action 54657 1233205200 Thu Jan 29 00:00:00 -0600 2009 182873 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. action 54657 1233205200 Thu Jan 29 00:00:00 -0600 2009 182872 Sponsor introductory remarks on measure. (CR S1067) introduced 54657 1233205200 Thu Jan 29 00:00:00 -0600 2009 182871